Hawaii 2024 Regular Session

Hawaii Senate Bill SB2608 Compare Versions

Only one version of the bill is available at this time.

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1	1	THE SENATE S.B. NO. 2608 THIRTY-SECOND LEGISLATURE, 2024 STATE OF HAWAII A BILL FOR AN ACT relating to pension calculations. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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3	3	THE SENATE S.B. NO. 2608
4	4	THIRTY-SECOND LEGISLATURE, 2024
5	5	STATE OF HAWAII
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7	7	THE SENATE
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9	9	S.B. NO.
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11	11	2608
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13	13	THIRTY-SECOND LEGISLATURE, 2024
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17	17	STATE OF HAWAII
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31	31	A BILL FOR AN ACT
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37	37	relating to pension calculations.
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43	43	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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47	47	SECTION 1. Section 88-21.5, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows: "(b) For a member who becomes a member after June 30, 2012, unless a different meaning is plainly required by context, "compensation" as used in this part: (1) Means: (A) The normal periodic payments of money for service, the right to which accrues on an hourly, daily, monthly, or annual basis; (B) Shortage differentials; (C) Elective salary reduction contributions under sections 125, 403(b), and 457(b) of the Internal Revenue Code of 1986, as amended; (D) Twelve-month differentials for employees of the department of education; [and] (E) Retroactive payments of those purposes and nature of payments authorized in subparagraphs (A) through (D), and certified as compensation pursuant to section 88-64; and (F) Payments for overtime while the member worked during an emergency proclamation applicable to that member; (2) Shall not include any other additional or extra payments to an employee or officer, including overtime[,] not specifically included in compensation under paragraph (1)(F), supplementary payments, bonuses, lump sum salary supplements, allowances, or differentials, including differentials for stand-by duty, temporary unusual work hazards, compression differentials, or temporary differentials, except for those expressly authorized pursuant to paragraphs (1)(B) through (1)(E); and (3) Retroactive payments shall be deemed earned when it would have been earned, as determined by the system pursuant to section 88-64." SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored. SECTION 3. This Act shall take effect upon its approval. INTRODUCED BY: _____________________________
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49	49	SECTION 1. Section 88-21.5, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
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51	51	"(b) For a member who becomes a member after June 30, 2012, unless a different meaning is plainly required by context, "compensation" as used in this part:
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53	53	(1) Means:
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55	55	(A) The normal periodic payments of money for service, the right to which accrues on an hourly, daily, monthly, or annual basis;
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57	57	(B) Shortage differentials;
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59	59	(C) Elective salary reduction contributions under sections 125, 403(b), and 457(b) of the Internal Revenue Code of 1986, as amended;
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61	61	(D) Twelve-month differentials for employees of the department of education; [and]
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63	63	(E) Retroactive payments of those purposes and nature of payments authorized in subparagraphs (A) through (D), and certified as compensation pursuant to section 88-64; and
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65	65	(F) Payments for overtime while the member worked during an emergency proclamation applicable to that member;
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67	67	(2) Shall not include any other additional or extra payments to an employee or officer, including overtime[,] not specifically included in compensation under paragraph (1)(F), supplementary payments, bonuses, lump sum salary supplements, allowances, or differentials, including differentials for stand-by duty, temporary unusual work hazards, compression differentials, or temporary differentials, except for those expressly authorized pursuant to paragraphs (1)(B) through (1)(E); and
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69	69	(3) Retroactive payments shall be deemed earned when it would have been earned, as determined by the system pursuant to section 88-64."
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71	71	SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
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73	73	SECTION 3. This Act shall take effect upon its approval.
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77	77	INTRODUCED BY: _____________________________
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79	79	INTRODUCED BY:
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81	81	_____________________________
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87	87	Report Title: ERS; Public Employment; Pension Calculation; Overtime Description: Includes overtime pay earned during an emergency proclamation as part of the pension calculation for individuals who became a member of the Employees' Retirement System after 6/30/2012. The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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97	97	ERS; Public Employment; Pension Calculation; Overtime
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101	101	Description:
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103	103	Includes overtime pay earned during an emergency proclamation as part of the pension calculation for individuals who became a member of the Employees' Retirement System after 6/30/2012.
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111	111	The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.